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What Does As-Is Mean When House Hunting? And When Should Buyers Consider an As-Is Home?

HomeLight

The seller likely isn’t going to make any repairs or offer credits for any issues you find, so you need to be comfortable with the work involved in this particular home. These components are often due for an upgrade or repair, but the seller would rather pass the responsibility on to the buyer rather than deal with it themselves.

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Home, Sour Home: How Homebuyers Can Avoid a ‘Lemon’

HomeLight

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. Each state has different requirements , but basically the seller is required to tell the buyer of any known problems with the house. Inspections. Is there a lemon law for houses?

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How to Spot Serious Foundation Trouble

Hank Miller Team

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. But unless the buyer and agent have a working knowledge of construction and a level of experience that allows them to spot signs of trouble, the buyer may be walking off a cliff.

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What Must Be Disclosed When Selling a House in Georgia?

HomeLight

If you need assistance navigating the legalities of what to include on the Georgia seller’s disclosure form, HomeLight always encourages you to reach out to your own advisor. If you’re about to sell or buy a house in Georgia, you may be wondering what sort of information the seller is required to disclose about the property.

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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Seller’s disclosure. In states where seller disclosures are not required, it’s a bit of a “buyer beware” situation.

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Ask Brian: Home Buyer Beware

Realty Biz

Now, the new owner is suing the real estate agent and seller for fraud by questioning if the garage was legally converted into a living space because it is not up to code. Now, the new owner is suing the real estate agent and seller for fraud by questioning if the garage was legally converted into a living space because it is not up to code.

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Flood and Disaster Disclosures: Law, Precedent and Grades for All 50 States

RIS Media

As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. ” It also requires that sellers disclose water or leakage in the basement along with frozen pipes or drains.

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